October 3, 2024
EMERGENCY NEWS – THE MARKET JUST BROKE! (BITCOIN CRASHING!)
 #Finance

EMERGENCY NEWS – THE MARKET JUST BROKE! (BITCOIN CRASHING!) #Finance


how’s it going everyone it’s Sam the market is falling it’s scaring people there’s some pretty bad news or some pretty scary news happening today but I want to be the calming voice I want to tell you what you should be paying attention to what you should be worried

about what you shouldn’t be worried about and we actually have Michael sailor talking about literally what’s happening today he kind of talked about it though several weeks ago and he called the missile strike that’s happening right now if you don’t mind hit subscribe turn

on the Bell notification underneath the CashNews.co all this will make sense by the end of the CashNews.co uh if you want to trade this Market I’ve been saying this is the time to put in Long positions when there’s some uncertainty when we’re seeing a bit of a dip this is the time

to put in positions before we continue to see the FED lower rates before we continue to see good economic data come in when we see Q4 where we typically go up or quantitive easing where we typically go up this is the time to put positions in plus you can also put limit order so you can say oh

I’m not going to open a position unless we tap 60,000 you can do that over on Marx there’s a link to this underneath the CashNews.co let’s start here seems like total market collaps right we’re down uh a couple per on bitcoin Bitcoin was hitting under 62,000 altcoins Are

Falling Down salana is under 150 keep in mind if you look at the last 30 days we’re still up significantly on a lot of Cryptos bitcoin’s up 7.1% for the year bitcoin’s up 50

plus per. but you know people get scared the nasdaq’s down a couple percent here today today uh now you know rallying up a little bit but there’s some news that people do not like uh also there are some liquidations happening in Bitcoin too in

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto uh which can cause the price to go down people they going like 100x Leverage uh they’re just being really risky with it the vix the volatility index is moving up it’s up 14.4% for the day and coinbase shuts

down coinbase is down during the royal flush obviously so predictable says Marty party yeah so if you’re on coinbase get a second exchange make sure that you have some Liquidity because when the top of the market comes and when their massive dips or even just a little bit of

volatility coinbase goes down it’s really annoying um but the reason there’s some volatility one well there are 50,000 Port workers now across the us that are on strike for the first time since 1977 these ports handle nearly 40% of all us Imports and could cost the US up to $5 billion

per day it’s affecting a lot of the big companies big retailers are really exposed to this and then obviously too if you’ve been paying attention to the news at all today Iran launched missile attacks on Israel it looks like uh right now Israeli uh bunkers the automated system is saying

that you can get out of them now so maybe that’s a little bit why the NASDAQ is moving back up and why bitcoin’s bouncing a little bit here today but it still scares the market when there are literally missiles being fired people are thinking that maybe bigger countries are going to

have to come in and take sides keep in mind Michael sailor actually just talked about this three weeks ago literally talking about missile attacks let’s listen right now I think I just saw a headline that $1.2 billion uh in outflows took place out of the Bitcoin ETF and I’m curious to

what you think is going on with the impact of the ETF on the price of Bitcoin I think generally it’s been a good thing and it’s created more demand but you got to keep in mind that Bitcoin is smart fast strong money so on a Saturday night if you’re worried about a missile strike

you can’t teleport your $10 million apartment to Singapore lever it up 10 to1 and short $100 million worth of New York Real Estate but you can short $100 million worth of bitcoin by borrowing $10 million so you have a lot of Fast Money traders a lot of volatility and that

will cause and ripple into volatil in the ETFs can you explain that’s okay okay so he says bitcoin’s just very liquid like Traders like to trade it which is actually good I think he

goes on to talk about how volatility is really good for Bitcoin keep in mind too we’re still up over 10% since he talked about this three weeks ago so on a day like today I think we need to take advice from some of the you know some of the good uh influencers out there you know maybe you

already know this but some advice for today don’t panic sell dips are for buying but don’t rush be P patient in DCA in prioritize alts that were leading the market last week like memes and AI chill and stop looking at the headlines another good one from Lady of

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto Heads Up Guys bank holiday in China today and for the rest of the week this means less Liquidity in the Asian session less Liquidity means bigger

potential dumps with everything going on be ready for volatility and I actually do have a CashNews.co too if you’re wondering if now is a good time to be buying uh there’s a Caleb Hammer CashNews.co that I was watching um but uh I do have a CashNews.co on my channel as well I’ll

plug it at the end of the CashNews.co so that you can just click the screen where I talk about whether now is a good time to be buying Bitcoin and it walks through a couple different situations so be on the lookout for that but overall we do have Bitcoin dominance moving up you can see we were down

all the way down to 57.1% from a peak of 58.5 or 58.6 but now we’re starting to move up a little bit looks like actually a good warning from Gary gendler surprising right uh investor alert beware of relationship investment scams where frauders might seek targets online on social media or

through text frauders slowly build up trust once fra fraudsters gain trust they convince targets to invest their money yeah there are people that do that with my channel so do not fall for that okay keep in mind right there’s a lot of volatility right now there are liquidations uh

there’s actually a significant amount of volume like I bit right now is uh got a billion dollars already halfway through the day halfway through the trading day it’s got a billion dollars in volume so maybe we see a big outflow day from the

style="font-weight: bold; color: #1a73e8; text-decoration: none;">ETFs keep in mind these Hedge Funds can move very quickly in and out of Assets which can cause them to fall down but some of it’s just based on fear right and then they reposition and this

is really interesting I showed this in the last CashNews.co but black rocks published this graph and shows that the 10day performance after some big escalation right some uh geopolitical event some geopolitical uncertainty they show the 10-day return of different Assets in the

60-day for the 10day it’s quite volatile sometimes Bitcoin does better sometimes it does worse typically you know half the time it outperforms and then half the time it it’s about on par slightly down from other Assets like in Co it was down 25% versus 20% on SPX but

for example Regional banking crisis instead of the SPX which was down 2% it was up 25% Bitcoin was up 25 but the 60-day That’s Where It’s At 20% up 21% 131 15 32 outperforming gold and SPX so today bitcoin’s dumping but all roads lead to Bitcoin and part of the reason for that is

that almost every single geopolitical event requires money right either stimul uh stimulus here or some kind of financial aid to a different country arms that kind of stuff and what does that do well it devalues the US dollar it causes other risk Assets to become more valuable

especially scarce Assets so on a day like today while it seems like the whole Market is in total collapse it’s not a good time time to be Panic selling typically Bitcoin does well after events like this so I’m going to continue to return to this and show hey this

isn’t true forever right there will be some time where I’m sure Bitcoin will end up down on the 60-day if it’s something that we just can’t break out of like some kind of big recession but the fact is whenever there’s geopolitical uncertainty people turn to bitcoin it

just takes a little while for them to wrap their heads around okay after the initial selling what do I do what what should I do and a lot of people turn to bitcoin let me know your thoughts on all this though underneath the CashNews.co like I said if you do want to put in some trades if you want to

either short the market or long the market you can do Market trades you can do limit trades just get everyone or get all your positions set up so that you’re ready for the next dip or the next pump cuz I guarantee you there will be another dip there will be a 20% crash in a day there’s

going to be a 20% pump in a day there’s going to be all that it’s always going to be there’s always going to be one coming um so you want to position yourself be ready for those dips and at this point if you’re just sit on your hands yeah it’s just another day

you’re just waiting for more more uh bull market right more cowbell but I am still very bullish for the end of the year and the year going forward let me know your thoughts though underneath the CashNews.co of course be careful of scammers down there I really appreciate you watching let me

know what you’re doing today if you’re just watching these events thinking wow I need to get some more Bitcoin or just s on your hands let me know in the comments section also let me know what you’re drinking drinking drinking some water right now but going to a lunch meeting um

and yeah going to probably have a beer there let me know your thoughts though and let me know what you’re drinking appreciate you and I’ll see you all in the next CashNews.co if you want to see this CashNews.co on the end screen probably right here about uh whether you should buy or

sell Bitcoin right now check it out thank you so much see you in the next one bye

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20 thoughts on “EMERGENCY NEWS – THE MARKET JUST BROKE! (BITCOIN CRASHING!) #Finance

  1. Thanks for the breakdown! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?

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